Post Utme Uniben 2022 Commerce Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Uniben Commerce examination.

Post Utme Uniben 2022 Commerce Objective / Multiple Choice

Question 1 POST_UTME_UNIBEN • 2022 • COMMERCE • objective

In a perfectly competitive market, the supply curve is upward-sloping because

Correct Answer A. Firms are willing to supply more of a good as its price increases.

B. Firms are willing to supply less of a good as its price increases.

C. Firms are willing to supply the same quantity of a good regardless of its price.

D. Firms are willing to supply more of a good as its price decreases.

Correct Answer

Correct Option:

Firms are willing to supply more of a good as its price increases.

This is Post Utme Uniben 2022 Commerce Question 1. It is one of the objective questions from the 2022 Post Utme Uniben Commerce examination.

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows

Chat with Support